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Wall Street Veteran Who Predicted The 2000 Tech Bubble, 2008 Subprime Crisis, Doubts Fed's Ability To Sidestep Looming Recession
Friday, August 18, 2023 - 4:25pm | 425Jeremy Grantham, a Wall Street veteran, voiced skepticism over the Federal Reserve’s optimism in sidestepping an impending recession. Grantham, known for his often bearish market predictions, expressed these concerns in a recent conversation with David Rubenstein for Bloomberg Wealth. "...
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JPMorgan Analysts Raise Their Forecasts Following Upbeat Q2 Results
Monday, July 17, 2023 - 9:21am | 177JPMorgan Chase & Co. (NYSE: JPM) reported better-than-expected second-quarter financial results. JPMorgan reported net revenue (managed) of $42.4 billion, up 34.1% year-over-year, beating the consensus of $38.96 billion. Adjusted EPS was $4.37, beating the consensus of $3.99. JPMorgan shares...
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These Analysts Revise Their Forecasts On Wells Fargo Following Q2 Earnings
Monday, July 17, 2023 - 8:18am | 240Wells Fargo & Company (NYSE: WFC) reported better-than-expected second-quarter financial results. Wells Fargo reported quarterly EPS of $1.25, beating the consensus of $1.15, with revenues of $20.53 billion, up 21% Y/Y, above the consensus of $20.07 billion. The company sees 2023 net interest...
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State Street Analysts Slash Their Forecasts After Q2 Results
Monday, July 17, 2023 - 7:29am | 250State Street Corporation (NYSE: STT) reported better-than-expected second-quarter earnings. State Street reported quarterly revenues of $3.11 billion, up 5% Y/Y, missing the consensus estimate of $3.14 billion. EPS of $2.17 beats the consensus estimate of $2.10. State Street shares fell 12.1% to...
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Global Economy Balances On Recovery Tightrope, Outlook Report Shows: 'This Is Hard'
Wednesday, June 7, 2023 - 12:02pm | 452The global economy, as depicted in the June 2023's OECD Economic Outlook, is exhibiting signs of improvement — albeit with a fragile upturn and substantial downside risks. There have been positive adjustments in global GDP growth, which is now expected to reach 2.7% in 2023 and...
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NOK Slips 10% On A Cut In Forecasts
Wednesday, June 16, 2010 - 11:30am | 130Nokia Corporation (NYSE: NOK) dips roughly 10% after slashing its outlook for the Devices and Services units for the second quarter. Mobile phone giant Nokia warned that its sales and margins for the second quarter and full year will be affected by high competition in the smartphones market,...